Modeled residential air source heat pump project

Capital cost: $820,289

Lifetime energy cost savings: $-948,781

Net lifetime savings: $-1,769,070

Benefit-cost ratio: -1.2

Number of homes: 22

Average proposed capacity per residence (Btu/hr): 24,428 Btu/hr

Excess generation capacity needed (kW): 48 kW

Expected average coefficient of performance (COP): 2.52

This component calculates the potential change in heating oil usage from the installation of new air source heat pumps in all residential buildings.